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Email advisory intended to better inform investors of
normal course of business developments
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OTTAWA, June 1 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"
or "Allen-Vanguard") (TSX:VRS) of Ottawa, Canada today announced a new
Internet and email advisory service to keep investors and other stakeholders
updated on normal course business developments.
"Our policy has been to press release only large contract wins and
material developments," said David E. Luxton, President and CEO. "However, the
timing of these is irregular, and they are not necessarily indicative of the
progress the Company is making on a day-by-day basis."
The Company said it will begin posting on its web site business
developments in the normal course that would be of interest to investors,
including non-material contract wins. This will commence immediately with the
posting of a contract win from the US military worth more than $1 million U.S.
for the supply of Hook and Line (HAL) bomb rigging equipment.
"The HAL win last week is a good example of routine progress, and is a
particularly telling one. It is our largest-ever single contract from the U.S.
military for HAL and underscores our reputation and renewed traction in the
U.S. in our core Explosive Ordnance Disposal (EOD) group," noted Mr. Luxton.
Anyone already subscribed to the Company's News Release email alert
service will automatically receive the news Update Bulletins as well and does
not need to take any further action. Anyone not subscribed may sign up at
http://www.integratir.com/emailalerts.asp?ticker(equal sign)t.vrs (select "Press Release
Alerts"; this automatically includes the new Update Bulletin service).
Update bulletins, including the one concerning the HAL contract win, can
be viewed on the Company's website at www.allen-vanguard.com.
About Allen-Vanguard
Allen-Vanguard Corporation and its subsidiaries worldwide operate under
the brand "Allen-Vanguard". The Company develops and markets technologies,
tools and training for defeating and minimizing the effects of hazardous
devices and materials, whether Chemical, Biological, Radiological, Nuclear or
Explosive (CBRNE). The Company's equipment is in service with leading security
and military forces in more than 120 countries. This includes a complete range
of remote intervention robots for hazardous applications, vehicle barrier
systems, suspect package containers and Electronic Counter-Measures (ECM)
equipment. The Company is a world leader in the development, manufacturer and
sale of specialty security equipment for Explosive Ordnance Disposal (EOD),
and is the sole, worldwide licensee and/or developer of patented technologies
such as the Universal Containment System and CASCAD Foam for blast mitigation,
decontamination of bio-chemical warfare agents, and personal protective gear.
Head office operations are located in Ottawa, Ontario, Canada, with
manufacturing operations in Ottawa and Stoney Creek, Ontario; Tewkesbury,
U.K.; and Cork, Ireland, and sales offices in Canada, the U.S., the U.K. and
Asia. The Company's shares are listed on The Toronto Stock Exchange (TSX:
VRS). The web site is www.allen-vanguard.com.
This press release may contain forward-looking statements relating to,
among other things, the Company's expectations concerning future product
demand and growth opportunities and customer acceptance of Company's products.
These forward-looking statements are neither promises nor guarantees, but
involve risks and uncertainties that may cause actual results to differ
materially from those in the forward-looking statements. The Company disclaims
any obligation to publicly update or revise any such statements. The Toronto
Stock Exchange has neither approved nor disapproved the contents of this press
release.
To find out more about Allen-Vanguard Corporation, visit our website at
www.allen-vanguard.com.
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